The Chancellor says the total pay rise since the higher rate’s introduction will now be over £2,000 a year.

Pay will also go up for under-25s, in line with recommendations from low pay watchdogs.

Aspect8 financial plannet Claire Walsh told Money Marketing: “Raising the personal income tax allowance means nearly everyone is a winner, while the wealthiest will shoulder an ever-greater share of overall income tax take.

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CASH: Every Brit worker will be given a tax boost from April

“While it might seem like a big giveaway, it is only equivalent to around £60 a year and it does not help the most in need, for example part-time employees, who are already earning less than the current personal allowance.”

The government has previously committed to raising the personal allowance to £12,500 and the higher rate threshold to £50,000 by the end of the Parliament which at that time was set to be 2020.

Since 2015 the personal allowance has been linked to the national minimum wage to ensure workers on it doing up to 30 hours per week do not pay income tax.

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MINIMUM WAGE: For over-25s, the amount will raise by 4.4%

After 2020 the personal allowance will rise in line with the consumer price index measure of inflation instead.

Mr Hammond promised to "build a Britain fit for the future" as he unveiled a pro-Brexit budget to get us ready for life outside the EU.

The Chancellor delivered his big speech in the Commons, saying we "are at a turning point in our history", and promised "to seize the opportunities ahead of us".

Addressing MPs in the Commons, he announced controversial plans to increase the price of cigarettes and rolling tobacco.

He also said tax on cider, wine, spirits and beer will be frozen, but duty on white cider will rise.

For motorists, the Chancellor confirmed the annual fuel duty rise for both petrol and diesel would be cancelled again.

AWFUL cigarette ads from days gone by (when they didn't cost £10 a pack)

There was a time where smoking didn't cause cancer, and hey, loads of doctors smoke! We take a look at some of the worst, most misguided cigarette ads of all time

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Try that today. I dare you

For air travellers, Mr Hammond announced another freeze on short-haul Air Passenger Duty rates and long-haul economy rates.

Drivers of diesel cars that do not meet the latest environmental standards will face paying higher road tax under plans to establish a "clean air fund", Mr Hammond announced.

Mr Hammond's Budget takes place against a grim economic backdrop, with the Office for Budget Responsibility downgrading its growth forecasts as a result of poor productivity.